Nigeria | Egypt Oil & Gas - Part 16

Oil to Fund 40% of Nigeria Fiscal Plan

Nigeria to focus on crude oil to fund the 2017 fiscal plan where oil mineral resources are projected to provide 40% of the revenue.

Oil Output at OML18 Reached 61,000b/d

San Leon Energy Plc said reperforation operations at wells in Oil Mining Lease (OML) 18 onshore Nigeria increased production to about 61,000b/d of oil.

Investors to Meet over Nigeria’s Brass LNG

The Nigerian National Petroleum Corporation (NNPC), Total, and Eni will meet early January to discuss the $15b Brass Liquefied Natural Gas (LNG) project located on Brass Island, Bayelsa State,.

Penspen, Crestech Signed Agreement in Nigeria

Penspen signed a strategic alliance agreement with Crestech Engineering to provide engineering, project management and asset integrity services and operation and maintenance services for oil, gas and energy assets in ...

Angola Led Africa’s Oil Production

Angola will close 2016 as the lead oil producer in Africa, having surpassed Nigeria by reaching a daily average of 1.7m barrels.

Nigeria’s Oil Reserves Reached 27b Barrels

The Nigerian National Petroleum Corporation (NNPC) has announced that the country’s oil and gas reserves has increased to 37b barrels.

Zabazaba, Etan to Yield $8b for Nigeria

The Nigerian Agip Oil Company, a subsidiary of Italian oil major Eni, has announced that the Zabazaba and Etan deep water project on Oil Prospecting License 245, will generate $8b for the Federal Government.

Nigeria’s to Shutdown Bonga Field for Maintenance

Nigeria’s first deepwater project, Bonga fields, will be shut down for one month starting from mid-February, 2017 due to maintenance upgrade.

Nigeria’s Qua Iboe Terminal Back to Activity

ExxonMobil operated Qua Iboe Terminal (QIT) in Nigeria is back to producing an excess of 150,000b/d of oil.

Nigeria to Rehabilitate National Refineries

The Nigerian National Petroleum Corporation (NNPC) has slated a comprehensive rehabilitation of the nation’s three refineries located in Port Harcourt, Warri and Kaduna to achieve optimal capacity utilization in 2017.

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